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SAS Online Trading Guide - Stock Trading Account … is instant and costs you only Rs. 9 plus...

Date post: 29-Mar-2018
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It is instant and costs you only Rs. 9 plus service tax per transfer. Select Equity/Commodity as per SAS Online Trading Guide Pay in and Pay out of funds: Pay in: Funds can be transferred only from client bank accounts which are mapped in SAS online back- office. Clients can transfer funds into their Trading Account via the following methods. 1. Payment Gateway - Funding your trading account through the Payment Gateway is one of the quickest methods to transfer funds from any linked bank account directly into your trading account. It is instant and costs you only Rs. 9 plus GST per transfer. Select Equity/Commodity as per product required. 2. NEFT/RTGS - Funds can be transferred electronically to your trading account from any linked bank via NEFT/RTGS. Funds transferred from a HDFC bank account will result in instant credit. Funds transferred from any other bank will usually take 3-4 hours through RTGS/NEFT. EQUITY Bank Name: EQUITY Bank A/c RTGS/NEFT IFSC : No.: Branch Address: HDFC0000003 COMMODITY Bank Name: COMMODITY Bank A/c No.: Branch Address: RTGS/NEFT IFSC : HDFC0000003 3. Chq. Deposit - You can transfer funds to your trading account by cheque from any of your linked bank account. Scan copy of Chq need to be sent to us for updation. **It can take upto 3-4 working days for cheques to clear and funds to be reflected in you trading account. Pay out: A payout can be requested through SAS Online back office (separate requests are required for equity and commodity). Your withdrawal request will be processed by RTGS/NEFT transfer at the end of the same trading day. Contract Notes: SAS online will issue contract notes to its clients by end of that trading day. Along with the Contract note and other reports are available to be viewed in your Back-office. Demat Accounts: SAS online will transfer client’s securities in a designated account called the Client Beneficiary Account for clients who have mapped third party demat accounts, come for delivery trading. Client Beneficiary Account Details Account DP ID DP Name Client ID South Asian Stocks Ltd IN306122 South Asian Stocks Ltd 10000061 SAS online will open all DP Accounts with South Asian Stocks Ltd. A client has the facility of linking his existing Demat Account to the Trading Account and taking delivery of stocks or opening a new Demat with SAS Online. HDFC Bank Ltd. SASONL37242 G-3-4, Suryakiran Building,19 , KG Marg, New Delhi- 110001 HDFC Bank Ltd. SASMCX65052 G-3-4, Suryakiran Building, 19 , K G Marg, New Delhi- 110001
Transcript

It is instant and costs you only Rs. 9 plus service tax per transfer. Select Equity/Commodity as perproduct required.

SAS Online Trading Guide

Pay in and Pay out of funds:

Pay in: Funds can be transferred only from client bank accounts which are mapped in SAS online back-office. Clients can transfer funds into their Trading Account via the following methods.

1. Payment Gateway - Funding your trading account through the Payment Gateway is one of thequickest methods to transfer funds from any linked bank account directly into your trading account.It is instant and costs you only Rs. 9 plus GST per transfer. Select Equity/Commodity as per productrequired.

2. NEFT/RTGS - Funds can be transferred electronically to your trading account from any linkedbank via NEFT/RTGS. Funds transferred from a HDFC bank account will result in instant credit.Funds transferred from any other bank will usually take 3-4 hours through RTGS/NEFT.

EQUITY BankName:

EQUITY Bank A/cRTGS/NEFT IFSC :No.: Branch Address:HDFC0000003

COMMODITYBank Name:

COMMODITYBank A/c No.: Branch Address: RTGS/NEFT IFSC :

HDFC0000003

3. Chq. Deposit - You can transfer funds to your trading account by cheque from any of yourlinked bank account. Scan copy of Chq need to be sent to us for updation.

**It can take upto 3-4 working days for cheques to clear and funds to be reflected in you trading account.

Pay out: A payout can be requested through SAS Online back office (separate requests are required forequity and commodity). Your withdrawal request will be processed by RTGS/NEFT transfer at the end of thesame trading day.

Contract Notes:

SAS online will issue contract notes to its clients by end of that trading day. Along with the Contract noteand other reports are available to be viewed in your Back-office.

Demat Accounts:

SAS online will transfer client’s securities in a designated account called the Client Beneficiary Accountfor clients who have mapped third party demat accounts, come for delivery trading.

Client Beneficiary Account Details

Account DP ID DP Name Client ID

South Asian Stocks Ltd IN306122 South Asian Stocks Ltd 10000061

SAS online will open all DP Accounts with South Asian Stocks Ltd. A client has the facility of linking hisexisting Demat Account to the Trading Account and taking delivery of stocks or opening a new Demat

with SAS Online.

HDFC Bank Ltd. SASONL37242 G-3-4, Suryakiran Building,19 , KGMarg, New Delhi- 110001

HDFC Bank Ltd. SASMCX65052 G-3-4, Suryakiran Building, 19 , K GMarg, New Delhi- 110001

Margins:

Cash Segment - SAS online gives upto 20 times intraday margins on F&O stocks in cash segment.

Equity Futures & Options - SAS online gives upto 5 times leverage in intraday. Full margin is required to holdthese positions overnight.

Currency Future & option - SAS online charges only 50% of the exchange margin (SPAN + ELM) in intraday.Full margin is required to hold these positions overnight.

Commodity Futures - SAS online gives upto 5 times leverage in intraday. Full margin is required to holdthese positions overnight.

Intraday Margins at SAS online

Product Product Code Margin Required

Equity MIS 5-9 times on F&O stocks

Equity CO 13-20 times on F&O stocks

EquityFuture

NRML (NOW)

MIS (NEST)2 times limit is provided in all the future and option selling contracts

EquityFuture

CO 5 times limit is provided in all the future contracts

Currencyfuture

MIS 2 times limit is provided in all the future and option selling contracts

EquityFuture

BO (Nest) 5 times limit is provided in all the future contracts

EquityOption

BO(Nest)Buying : 2 times limit is providedSelling : 5 times limit is provided

Commodity MIS 2 times limit is provided in all the future contracts

Commodity CO 5 times limit is provided in all the future contracts

*For buying Options (Equity, Currency& Commodity) in NRML/MIS, full cash is required, no margin benefit isprovided.

**All Equity position in MIS , CO & BO product type may be squared off by 3:15 PM in cash segment.All Currency position in MIS product type may be squared off by 4:40 PM (NEST Trader Only). AllCommodity positions in MIS ,CO & BO product type may be squared off by 11.00/11.30 PM. Adminsquare off entails a Call &Trade charge of Rs. 20, so please square off on your own to avoid these charges.

*** If you don’t have sufficient funds, Equity Futures & Options positions in NRML may be squared off byRMS after 3:00 PM. Currency Futures & Options position in carry forward product type may be squared offby RMS after 4:40 PM. Commodi ty Futures posi ti ons i n NRML may be squared off by RMS after11.00/11.30 PM. Admi n square off entai ls a Call &Trade charge of Rs. 20, so pl ease square off on yourown to avoid these charges.

~~Any client which has a MTM loss of over 70% of the capital, open position will be squared offautomatically. There will be no margin call from SAS online.

^ Intraday margins are provided on the holdings in your account if you have sufficient cash for MTMdifference.

^^ For any queries regarding margin shortage or position square feel free to contact our Servicedesk team.

If there is a shortage of funds in your account, there will be no margin call from SAS online. Your positionswill be squared off automatically by RMS department. Please plan your trades in advance and make sureyou have sufficient funds.

To avail Margin facility on your holdings, you would need to open DP account with South Asian StocksLtd and pledge your holdings with us. As soon as the shares are pledged, you'll get margin against thoseshares after the prescribed haircut.

Option Exercise (Equity):

SAS Online shall mark a “Do Not Exercise” instruction to the exchange for all CTM( Close To Money) contractswhere the applicable STT is more than the receivable premium on the exercise of such contracts.

Collateral Margins (Collateral against Stock):

SAS online gives margin to its clients against the securities held by the client.

To avail Margin facility on your holdings, you would need to open DP account with South Asian StocksLtd and pledge your holdings with us. As soon as the shares are pledged, you'll get margin against thoseshares after the prescribed haircut. Your trading limit would be enhanced on your trading platform.Whenever you wish to release those shares, you can just give us a request to withdraw the securities held inSAS Online’s margin account and we would move them to your beneficiary account.

Please note that at all times you would continue to remain the owner of the securities that you havetransferred and hence would be eligible for al l corporate benefits, whatsoever. Such corporate benefitswould be passed on to you. However, there are some rules regarding the same which is explained below:

You would need to pledge the shares in South Asian Stock Ltd demat account. As soon as the shares arepledged, you'll get margin against those shares after the prescribed haircut. For example, if you havestocks worth Rs. 50,000 in your account and if the prescribed haircut is 20%, then the actual cash value ofyour stocks will be Rs. 40000. However, if you want to utilize this Rs. 40000 as cash in your trading account,you need to have at least 25% of that value as actual cash (not stocks). You need to have cash of around Rs.10000to utilize the entire margin benefit of Rs. 40000 against your stocks.

At any time for you to utilize your margin against stocks, you need to have 25% of the total margin in termsof cash. All MTM losses if any will be considered from this cash margin available in your account.

MCX Options:

All Margins as per exchange are required during the option devolvement to Futures in case of non fulfillmentof Margin positions might be squared off from RMS. Admin square off entails a Call &Trade charge of Rs.20, so please square off on your own to avoid these charges.

Physical Delivery in CommodityNot Allowed

No position will be allowed to be carried into delivery/tender period and will be automatically squared offfrom RMS before the delivery/tender period. Admin square off entails a Call &Trade charge of Rs. 20, soplease square off on your own to avoid these charges.


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